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NEWYou can now listen to Fox News articles! EXCLUSIVE: The Kennedy Center Honors has raised a record $23 million for its 48th annual celebration, nearly doubling the $12.7 million raised last year under President Biden, as President Donald Trump begins his tenure as chairman of the Kennedy Center, Fox News Digital has learned. According to … Read more
Prediction market Kalshi, which allows people to bet on future events, announced on Tuesday that it raised a $1 billion funding round at an $11 billion valuation, confirming TechCrunch’s scoop from last month. The round was led by returning investor Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, Capital G, and other existing backers. The … Read more
Everyone keeps asking: “Are we in an AI bubble?” But just as often, I hear a different question, followed by recognition: “Wait—they raised another round?” This year, a handful of top AI startups—some now so large that calling them “startups” feels vaguely ironic—have raised not just one giant round of funding, but two or more. … Read more
A proposal floated by the Trump administration to create a 50-year mortgage product to improve housing affordability could offer significant immediate savings to homebuyers, but at the steep cost of a doubled interest payment burden over the life of the loan, according to a recent analysis by John Lovallo of UBS Securities. Caveating that many … Read more
OpenAI has acquired Roi, an AI-powered personal finance app. In keeping with a recent trend in the AI industry, only the CEO is making the jump. Chief executive and co-founder Sujith Vishwajith announced the acquisition on Friday, and a source familiar with the matter told TechCrunch he is the only one of Roi’s four-person staff to join OpenAI. Terms of … Read more
Starbucks is betting big on the health-conscious consumer movement with plans to dramatically expand its protein and gluten-free offerings, marking a significant shift in the coffee giant’s food strategy as CEO Brian Niccol seeks to revitalize the brand since taking the reins last year. Speaking at Fast Company’s Innovation Festival on Tuesday, the 51-year-old coffee-chain … Read more
Milk prices jumping from $7 to $14, strawberries that feel like luxury goods, and a switch to processed food: This is the six-month outlook economists studying labor and agriculture see for consumers. Yet these consumers “don’t have a clue what’s going on,” Raymond Robertson, a labor economist at Texas A&M’s Bush School of Government who has … Read more
As millions of Americans rely on Social Security for their monthly income, new reports indicate the program’s finances are at a critical juncture. Here’s what every current or soon-to-be recipient should understand about the future of Social Security, the risks to your benefits, and what steps Congress could take to keep the program strong. When … Read more
Ikea shoppers will see price cuts of up to 50% at many of the company’s restaurants globally, as the Swedish retail giant aims to attract cost-conscious consumers. The steep price cuts will be a temporary measure to help consumers “stretch their budgets” at a time of heightened economic uncertainty and high cost-of-living pressure, the company … Read more
Deutsche Bank is doubling down on defense investment as a broader European drive to rearm unlocks fresh capital in the region. Speaking to CNBC’s Annette Weisbach at the Tag der Industrie conference in Berlin on Monday, Deutsche Bank CEO Christian Sewing said that the German lender has increased its exposure to the defense industry to … Read more
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